Page 50 - IRS Tools for Small Businesses
P. 50

RETIREM ENT PLANS





       - Roth IRA contribution limit: $6,000 (plus $1,000 catch-up


           for age 50+).

       - Roth IRA contribution limit phaseout (MAGI): $204,000 to


           $214,000 (married filing jointly);

              - $129,000 to $144,000 (single and heads of

                   household):


              - $0 to $10,000 (married filing separately).

       - SEP minimum required compensation: $650;


              - compensation limit for determining maximum

                   allowable contributions by employer: $305,000.























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